Secondary Market/Investors
Recent record-low mortgage rates are spurring investor fears that a government-sponsored refinance wave could push mortgage prepayment speeds within securitization back to 2003 levels.
Despite several options for facilitating a government-driven refinance wave — and the obvious benefit to homeowners —...
- SEC Charges Citigroup $75m for Misrepresentation of Subprime Assets
- Houston Annual Home Sales Up 19 Percent but Fed Sees Cooling Economic Recovery
- Fifth Third Refinances $4bn of Mortgages Since April 2009
- FTC Reaches $2.4m Settlement to Ban Foreclosure Rescue Company
- Fiserv Sees More Pain Ahead in House Prices, Projects 4.9% Decline
- Insurers Sidestep Rating Agencies on Expected CMBS Losses
- Weekly Mortgage Rates Hit New Lows
- Weekly Jobless Claims Beat Consensus, Slip to 457,000
- Mortgage Insurer PMI Narrows Q210 Losses to $150.6m on Fewer Defaults
- Foreclosures Rise in Three-Fourths of U.S. Cities in 2010
- Phoenix Home Sales Up 11% in June While Home Prices Remain Level
With the first-time homebuyer tax credit possibly expired (until the President signs the extension bill into law), delinquencies falling and house prices inching upward, the general mood in the mortgage finance industry seems one of hesitance to call bottom. But as the market holds its breath for turbulence in housing indicators and intensive legislation makes [...]
- Popular 'zero down' mortgage program makes comeback The Wall street Journal
- Bullard urges FOMC purchase Treasuries if deflation risk grows Bloomberg
- HomeEq servicing transfer to Ocwen would trigger no Fitch ratings actions BusinessWire
- Aldermen press to strip banks, mortgage companies of tax exemption Chicago Sun-Times
- Wells Fargo's Stumpf sees new costs for customers Bloomberg
- PIMCO says stress test smokescreen can't hide Europe's hard future PIMCO Viewpoints
- UK house price inflation eases again, says Nationwide BBC News
- Santander UK to hire more than 600 people this year Businessweek
- Insurance regulators seek firm to weigh CMBS risks Businessweek
- Mortgage-bond spreads surpass lows reached during Fed buying Reuters
- Two Goldman lawsuits on Abacus placed on hold Reuters
Last week, various corners of the mediamonde asserted that the Dodd-Frank Act's repeal of Rule 436(g), under the Securities Act of 1933, caught Nationally Recognized Statistical Rating Organizations (NRSROs) like Standard and Poor's, Moody's Investors Service and Fitch Ratings by surprise.
In brief, the repeal exposes NRSROs to the same liability,...
08 August 2010
29 September 2010
03 October 2010
24 October 2010
Origination/Lending
The Securities Exchange Commission (SEC) today charged Citigroup Inc. with misleading investors about the company's exposure to subprime mortgage assets...
Secondary Markets/Investors
Recent record-low mortgage rates are spurring investor fears that a government-sponsored refinance wave could push mortgage prepayment speeds within securitization...
Servicing/Default
The Federal Trade Commission (FTC) reached a $2.4m settlement with Home Assure over its allegedly misleading mortgage foreclosure rescue services.
The...
